Oak Thistle LLC Takes $1.15 Million Position in Halliburton Company $HAL

Key Points

• Oak Thistle LLC acquired a new stake of 40,607 Halliburton shares in Q4, valued at approximately $1.15 million.
• Analysts have mostly raised targets and remain positive, giving Halliburton a consensus rating of "Moderate Buy" with a consensus price target of $36.71, while individual targets range from $29 to $45.
• Halliburton beat Q4 estimates with $0.69 EPS versus $0.55 expected and $5.66 billion in revenue, and recently declared a quarterly dividend equivalent to a 1.8% yield.

Oak Thistle LLC acquired a new stake in shares of Halliburton Company (NYSE:HAL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,607 shares of the oilfield services company's stock, valued at approximately $1,148,000.

Several other large investors also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its stake in Halliburton by 81.8% during the 3rd quarter. Capital Research Global Investors now owns 91,030,451 shares of the oilfield services company's stock valued at $2,239,349,000 after purchasing an additional 40,969,139 shares during the period. Sanders Capital LLC raised its stake in Halliburton by 9.4% during the 3rd quarter. Sanders Capital LLC now owns 26,004,682 shares of the oilfield services company's stock valued at $639,715,000 after purchasing an additional 2,238,983 shares during the period. Strive Asset Management LLC acquired a new stake in Halliburton during the 3rd quarter valued at $418,738,000. Pacer Advisors Inc. raised its stake in Halliburton by 23.1% during the 3rd quarter. Pacer Advisors Inc. now owns 10,154,605 shares of the oilfield services company's stock valued at $249,803,000 after purchasing an additional 1,906,724 shares during the period. Finally, AQR Capital Management LLC raised its stake in Halliburton by 85.5% during the 2nd quarter. AQR Capital Management LLC now owns 8,610,870 shares of the oilfield services company's stock valued at $175,490,000 after purchasing an additional 3,969,759 shares during the period. 85.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of Halliburton from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Thursday, January 22nd. TD Cowen boosted their target price on shares of Halliburton from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Rothschild & Co Redburn boosted their target price on shares of Halliburton from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. BMO Capital Markets boosted their target price on shares of Halliburton from $39.00 to $42.00 and gave the company a "market perform" rating in a research note on Wednesday, March 25th. Finally, Stifel Nicolaus set a $36.00 target price on shares of Halliburton in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.71.

More Halliburton News

Here are the key news stories impacting Halliburton this week:

• Positive Sentiment: Susquehanna raised its price target to $45, signaling stronger upside and aggressive confidence in Halliburton’s outlook; this is one of the largest broker upgrades in the past day and likely supports demand from growth-focused investors. Susquehanna Boosts Halliburton Price Target
• Positive Sentiment: Capital One increased its target to $41 and kept an overweight rating — a vote of confidence that reinforces upside expectations around $40-plus and may buoy buyers who follow that shop. Capital One Raises PT to $41
• Neutral Sentiment: UBS raised its price target to $39 but kept a neutral rating — a modest upgrade in valuation that doesn't change the firm’s stance, so impact on flows may be limited. UBS Raises PT to $39
• Neutral Sentiment: Several sector comparison and analysis pieces review HAL versus peers and valuation after a strong one-year gain; useful for investors assessing whether earnings momentum or multiple expansion is priced in. Analyzing Halliburton and Competitors
• Neutral Sentiment: Long-form valuation coverage asks whether the stock still offers value after ~76% year-over-year upside — this may temper speculative buying as investors re-check fundamentals. Is There Still Value In Halliburton
• Negative Sentiment: Barclays cut its price target to $29 (equal weight), implying material downside versus current levels and likely contributing to selling pressure from more conservative investors. Barclays Lowers PT to $29
• Negative Sentiment: Market headlines and summaries noted a recent intraday decline (stock “sank” in coverage), reinforcing near-term negative momentum despite longer-term gains. HAL Stock Sinks As Market Gains Zacks Coverage

Insider Buying and Selling

In other news, VP Timothy Mckeon sold 3,846 shares of Halliburton stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $34.37, for a total value of $132,187.02. Following the transaction, the vice president owned 81,631 shares of the company's stock, valued at $2,805,657.47. This trade represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey Allen Miller sold 171,200 shares of the firm's stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $34.96, for a total value of $5,985,152.00. Following the completion of the sale, the chief executive officer directly owned 1,101,243 shares in the company, valued at approximately $38,499,455.28. This represents a 13.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 415,508 shares of company stock valued at $15,291,882. 0.56% of the stock is owned by corporate insiders.

Halliburton Trading Down 0.2%

Shares of HAL stock opened at $37.71 on Friday. Halliburton Company has a 12 month low of $19.22 and a 12 month high of $41.18. The company has a market cap of $31.49 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 2.31 and a beta of 0.68. The company has a quick ratio of 1.51, a current ratio of 2.04 and a debt-to-equity ratio of 0.68. The business's 50 day moving average is $35.84 and its two-hundred day moving average is $30.46.

Halliburton (NYSE:HAL - Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The oilfield services company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.14. Halliburton had a net margin of 5.78% and a return on equity of 19.77%. The company had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The company's quarterly revenue was up .8% compared to the same quarter last year. Equities analysts predict that Halliburton Company will post 2.64 EPS for the current year.

Halliburton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Halliburton's dividend payout ratio (DPR) is currently 45.03%.

Halliburton Company Profile

Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.

The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.

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